What You Should Know:
- Aledade, the largest network of independent primary care, has secured a $500M senior secured credit facility from Ares Commercial Finance, which can expand up to $650 million.
- The financing doubles Aledade's current committed capacity , providing essential working capital flexibility to manage the timing gaps in Medicare payments and accelerate shared savings distributions to its clinician partners.
- The capital fuels the company’s continued
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Value-Based Primary Care
M&A: Evolent Health Sells Primary Care Business to Privia Health for $113M
What You Should Know:
- Evolent Health, Inc., a company focused on improving health outcomes for people with complex conditions, has reached a definitive agreement to sell its value-based primary care business, Evolent Care Partners (ECP), to Privia Health Group, Inc..
- ECP is a major participant in the Medicare Shared Savings Program (MSSP), partnering with over 1,000 physicians to serve more than 120,000 members across the nation.
Transaction Details and Financial
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Aledade Expands Michigan Footprint with Acquisition of CCA’s Value-Based Care Operations
What You Should Know:
- Aledade, the largest network of independent primary care in the United States, has announced its acquisition of the Michigan-based value-based care operations of CCA Holding Company, Inc.
- The move deepens Aledade’s presence across the state and empowers more physicians to succeed in a healthcare system focused on patient outcomes and quality.
Strengthening a Statewide Presence
The acquisition includes an Accountable Care Organization (ACO) and a
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PeopleOne Health Raises $32.3M to Reimagine Value-Based Primary Care
What You Should Know:
- PeopleOne Health, a pioneer in value-based primary care, has secured up to $32.3M in Series B funding led by GV (Google Ventures), with participation from notable investors including healthcare entrepreneur Glen Tullman.
- The funding will accelerate PeopleOne Health's mission to transform primary care by providing a comprehensive, patient-centric, and cost-effective health benefit.
Addressing the Healthcare Crisis
As healthcare costs continue to
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Cano Health Emerges from Chapter 11, Focused on Florida Market
What You Should Know:
- Cano Health, a value-based primary care provider, announced today that it has successfully exited Chapter 11 bankruptcy as a reorganized private company.
- The emergence follows a strategic restructuring aimed at improving the company's financial health and optimizing operations.
Key Achievements of the Restructuring
Debt Reduction: Cano Health significantly reduced its debt burden by converting over $1 billion of pre-bankruptcy debt into common
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Aledade and Humana Inks 10-Year Value-Based Primary Care Collaboration
What You Should Know:
- Independent primary care provider Aledade and health insurer Humana announced a ten-year collaboration to connect independent primary care physicians in Humana’s network with the tools they need to thrive in value-based primary care.
- Building on their existing relationship, the two companies plan to phase in the 10-year term for current and new state-wide agreements, which include a pathway to full risk. The collaboration with Humana will continue to grow as
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